CoronaVirus Business Interruption Loan Scheme

As at today, 20th May 2020 there are 76 accredited lenders offering CoronaVirus Business Interruption Loans, these can be found on the British Business Bank web site.

One curiosity is the absence of Handelsbanken, their catch line ‘A bank that puts customer satisfaction first’ appears a little thin as some of their customers struggle to obtain funds under the CBILS

Many of the accredited lenders will only deal with their own customers and others will only offer facilities if wrapped up in invoice or asset finance. Some have financial restrictions and/or geographical limitations.

Given Handelsbanken operate a branch network, and have a profile far larger than many of the accredited lenders this seems strange.

Hopefully they will be able to contribute soon.

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